TORONTO – Bombardier says it will be pouring millions of dollars into various projects aimed at creating an aerospace hub in the Greater Toronto Area.
The aerospace giant says the funding strengthens its partnership with a local consortium whose primary goal is getting the hub established.
The Downsview Aerospace Innovation and Research Consortium will set up a centre where academic and industry leaders can collaborate.
Bombardier says it will dedicate $1.5 million a year for the next five years toward funding research at that centre.
- Ontario police oversight report reveals major issues with handling of ‘silent’ 911 call
- ‘We have to move quickly’: Canadians lend a hand as massive relief effort in Nepal begins
- Staffer injured in Columbia Icefield all-terrain vehicle rollover
- 20.2% property tax increase required if Calgary funds all 2027 budget requests
Get breaking National news
The company also plans to spend a total of $5 million towards creating aerospace research centres at Ryerson University and the University of Toronto.
It will also fund a landing gear research project underway at Toronto’s Centennial College and pour millions into boosting operations and refurbishing a key building for the consortium.
Comments
Want to discuss? Please read our Commenting Policy first.